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Local News
Caribbean Leaders Offer Mediation In US–Venezuela Tensions
The wider Caribbean has offered to become intermediaries between the United States and Venezuela amid their current heightened tensions and the military build-up in the region, which has triggered deep concerns about the threat of war, and has now prompted moves to prevent it.
Ramco Probe ‘Nears End’
A ‘thorough and careful’ investigation into the Ramco gas explosion is close to completion. So says acting Chief Fire Officer Andy Hutchinson, who confirmed that the report when finished will include findings from a risk assessment that was done two weeks before the blast.
Angostura Reports A Rise In Both Revenue And Income
The Angostura Group is pleased to report a strong financial performance for the nine-month period ended September 30, 2025, reflecting the continued success of our strategic initiatives and operational excellence. Revenue increased by $59 million, an 8% increase from $698 million to $757 million, while Profit Before Tax (PBT) climbed 15% to $145 million.
Officials Divert Vessels, Cargo To Point Lisas Port As Warship Docks In PoS
Measures have been implemented to help alleviate delays that are expected to be caused by the presence of USS Gravely at the Port of Port-of-Spain this week. The measures, including the temporary optional redirection and processing of vessels and cargo at the Port of Point Lisas, were announced in a joint press release from the Customs and Excise Division, the Port Authority of T&T (PATT) and the Point Lisas Industrial Port Development Corporation Limited (Plipdeco) which coincided with the arrival of the United States (US) guided missile destroyer yesterday morning.
NGC Green Boss Resigns
Toni Sirju-Ramnarine has resigned as president of NGC Green Company, citing health reasons. Guardian Media understands that she initially submitted her resignation in mid-August 2025, but the board asked her to reconsider.
T&TEC Owes NGC $8 Billion
Electricity provider T&TEC owes the National Gas Company approximately $8 billion. So said Public Utilities Minister Barry Padarath at yesterday’s meeting of the Standing Finance Committee in Parliament.
Three Partners Agree To Set Up National eKYC Platform
T&T took a major step toward its digital future this week as three national institutions—the Unit Trust Corporation (UTC), the National Payment and Innovation Company of Trinidad and Tobago (NPIC-TT), and the Telecommunications Services of Trinidad and Tobago (TSTT)—signed a landmark agreement to introduce a national electronic Know Your Customer (eKYC) platform.
Nutrien Gets Temporary Point Lisas Access As NGC Waives $28M Port Fees
The National Gas Company (NGC) has agreed to waive its US$28 million claim in retroactive port fees from global fertiliser giant Nutrien Ltd, amidst a threat of legal action by the Canadian company.
T&T Must Pay For Dragon Gas, Warns Venezuela VP
Freelance Contributor Venezuela Vice President Delcy Rodriguez is warning that the United States is “deceiving” Prime Minister Kamla Persad-Bissessar over the new licence for exploration of the Dragon gas field.
Regional News
Guyana Invites Proposals For US$300M Ammonia, Urea Plant At Wales
The government, through the Office of the Prime Minister (OPM), is inviting Engineering, Procurement and Construction (EPC) proposals for the establishment of the Guyana Ammonia and Urea Plant (GAUP) at Wales, West Bank Demerara.
Jamaica: Preparing To Rebuild After Melissa’s Anticipated Onslaught
The island’s major utility providers on Sunday said while their systems have been primed for the onslaught of Hurricane Melissa, which is now forecast to make landfall Tuesday, indications are that the unprecedented damage they expect to their facilities may require rebuilding, instead of restoration.
Guyana, Belize Explore Stronger Labour Co-Operation
Minister of Labour and Manpower Planning, Keoma Griffith on Wednesday welcomed Her Excellency Gale Miller-Garnett, High Commissioner of Belize to Guyana, during a courtesy call aimed at deepening bilateral co-operation in the area of labour and human resource development.
Push For Unrestricted Caribbean Movement
Caribbean policymakers and scholars who convened at The University of the West Indies’ (UWI) Vice Chancellor’s Forum to discuss the state of regional integration have called on non-compliant states to reconsider enabling unrestricted movement and trade among member states of the Caribbean Community (Caricom) to avoid further deterioration of existing socio-economic issues.
Launch Of World Trade Centre Georgetown
The Guyana government says the establishment of the World Trade Centre Georgetown (WTCG) provides a ‘timely and visionary step’ in Guyana’s development trajectory. ‘We envision a Guyana where a producer can load up a lorry and take goods directly to Suriname or Brazil, where trade flows freely and efficiently across our region,’ Finance Minister Dr Ashni Singh said, adding the launch of the WTCG coincides with a period of unprecedented economic growth and expanding global trade opportunities for Guyana.
ANSA McAL Affirms Preservation Of Chateau Margot Chimney Amid Mall Project Concerns
In response to public questions and growing media attention surrounding development works at Chateau Margot, ANSA McAL has moved to clarify that the historic Chateau Margot Chimney remains fully protected under state control, while its new mall project is being developed on adjacent private land.
Jamaica’s Consumer Prices Up 0.8%
The Statistical Institute of Jamaica (STATIN) yesterday said the Consumer Price Index (CPI) for September this year increased by 0.8%. It said the main contributor to this increase was the Food and Non-Alcoholic Beverages division, which rose by 0.9%.
Bahamas Posts 0.5% Fiscal Deficit
Bahamas Prime Minister Philip Davis says the country has achieved a 0.5% fiscal deficit for the budget year ending June 30, 2025, saying this result is within the government’s target range of 0.3 to 0.7% and represents a major improvement from the 13.7% deficit recorded in 2021.
Jamaica Eyes New Port In St Thomas To Tap Guyana’s Building Boom
The Port Authority of Jamaica (PAJ) is exploring the development of a new export port in St Thomas, part of its push to make Jamaica the go-to supplier of construction materials across the Caribbean — particularly Guyana, where oil wealth has triggered an unprecedented wave of infrastructure projects.
International News
Keurig Dr Pepper Rises After Boosting Annual Sales Outlook
Keurig Dr Pepper Inc. (KDP) shares rose in premarket trading after raising its full-year net sales outlook, as focus turns to its acquisition of JDE Peet’s NV. The beverage maker now expects fiscal 2025 constant currency net sales growth to be in high-single-digit range, up from a previous prediction in the mid-single-digits.
HSBC To Take $1.1 Billion Hit After Luxembourg Court Ruling In Madoff Case
HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme.
Big Tech To Report Earnings Under Specter Of AI Bubble
As America’s tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble? Microsoft, Alphabet, Amazon and Meta are poised to report that revenue rose at a brisk pace in the July-September quarter, according to LSEG data.
Gold Extends Drop As US-China Trade Progress Erodes Haven Demand
Gold fell — extending its first weekly drop since mid-August — as progress on a US-China trade deal sapped haven demand. Bullion declined as much as 2.1% to near $4,025 an ounce.
Stocks Rally On Trade Optimism Ahead of Big Week
Equities rallied as signs that the US and China were closing in on a trade deal stoked optimism at the start of a bumper week in which the Federal Reserve and earnings from tech giants will also shape markets.
Tesla Profit Falls Short Despite Record Sales
Tesla reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.
IBM Shares Fall As Cloud Slowdown Triggers Investor Anxiety
IBM (IBM) shares dropped more than 6.5% before the bell on Thursday, after growth slowed in its core cloud software segment and spooked investors over Big Blue’s ability to seize booming demand for cloud services.
Oil Jumps As Trump Steps Up Pressure On Russia With Sanctions
Oil soared after the US announced sanctions on Russia’s biggest oil companies, threatening supplies from one of the world’s top producing countries.
Stocks Steady; Crude Oil Jumps On Russia Sanctions
US futures were steady and European stocks headed for a record peak as third-quarter earnings continued to flow in. Crude oil surged after US President Donald Trump imposed sanctions on Russia’s biggest producers.
Reports
Economic Outlook – September 30th 2025
Earnings Update – September 30th, 2025
Pelagic Series Factsheets – September 30th, 2025
Offshore Factsheets – September 30th 2025
July 2025 Earnings News
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In July, First Citizens Group Financial Holdings (FCGFH) posted a year-on-year gain, with its after-tax profit rising 5.1% to TT$719.6 million, mainly due to growth in loans to customers and investment securities.
Local Equity Market Overview – Q2 2025
Domestically, real GDP grew 4.7% in Q3 2024, supported by advances in both the energy and non-energy sector. However, recent indicators monitored by the central bank point to a deceleration in non-energy sector growth and weakness in an otherwise improving energy sector, that could be attributed to a reduction in methanol and natural gas output. Furthermore, inflation eased slightly to 1.4% in May from 1.5% in April, and private sector credit and consumer lending have risen. Additionally, unemployment fell to 4.9% in Q1 2025 from 5.5% in the fourth quarter last year.
Earnings News – June 2025
In June, Scotiabank Limited (SBTT) reported a 5% or TT$17 million rise in after-tax profit. The increase was primarily driven by higher net interest income which was supported by an expanding loan portfolio. In contrast, CIBC Caribbean (CIBC) experienced a decline in half year revenue, despite similar loan growth. This was the result of weakness in other interest generating sources due to market volatility and lower U.S. benchmark interest rates. The combined effect of these factors and higher operating expenses weighed on performance.
Agostini-Prestige Holdings / Take Over Bid
Agostini Holdings has made an offer to acquire 100% of Prestige Holdings’ issued and outstanding shares through a share swap.
Earnings News – May 2025
In May, Guardian Holdings Limited (GHL) led gains in the banking and financial sector, posting a 229% or TT$536 million increase in profit. This surge was primarily driven by a one-off gain from the sale of Thoma Exploitatie B.V.